In the table above, which of the following is TRUE?
A) Jim and Sally have increasing marginal utility.
B) Jim has increasing marginal utility and Sally has diminishing marginal utility.
C) Jim has diminishing marginal utility and Sally has increasing marginal utility.
D) Jim and Sally have diminishing marginal utility.
D
Economics
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When a financial asset is first sold, the sale takes place in the ________ market, and subsequent sales take place in the ________ market
A) secure; risk B) stock; bond C) investment; commercial D) primary; secondary
Economics
Between World War II and the 1970s, three firms—General Motors, Chrysler, and Ford—produced and sold nearly all the output of the U.S. auto industry. These three firms had
A) an oligopoly. B) monopolistic competition. C) colluded. D) a pure monopoly.
Economics